A Valid Offer Does NOT Require Which of the Following

question 18

Multiple Choice

A valid offer does NOT require which of the following?

• A)The offer must be kept open if supported by consideration.
• B)The offer must be more than a request for information.
• C)The offer must be made to a specific offeree.
• D)All terms must be brought to the notice of the offeree and followed exactly.

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Definitions:

Debtor

An individual or entity that owes money or services to another entity.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American jurisdictions.

Priority Rule

A principle used to establish the order of importance or precedence among several claims or interests against the same asset or legal right.

Artisan's Lien

A legal claim allowing a worker or service provider to retain possession of a client's property until payment for services rendered on that property is received.